The Indian share market indices Sensex and Nifty dropped over 1% on Thursday, weighed down by a selloff in technology shares.

President has said that Mexico could retaliate with tariffs of its own, after Trump threatened to impose 25% import duties on Mexican goods.

The domestic share markets bounced back from a muted start on Wednesday, with Nifty and Sensex gaining momentum.

US President-elect Donald Trump said Monday he intends to impose a 25 percent tariff on goods from Mexico and Canada.

The Indian benchmark indices snapped their two-day winning streak, and ended marginally lower in a volatile session on Tuesday.

Indian equity markets extended gains from the previous session, closing strongly on Monday as Nifty soared past 24,200.